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August 8, 2022                                                       
 ISSUE 234

NEWS WITHIN OUR SHORES

Russia-Ukraine crisis: EU dumps Nigeria’s gas supply deal
By: Sun Newspaper

Talks between Nigeria and the European Union over gas supply deals in the wake of the Russia-Ukraine crisis may have hit brickwall as the EU countries are making headway by buying more pipeline gas from Algeria,  Azerbaijan, and Norway.

This is coming after the EU in March 2022 pleaded with Nigeria to take advantage of the opportunity offered by the crisis in Europe to shore up gas supplies to it.

The appeal for Nigeria’s intervention was made by Ambassador Samuela Isopi, during a courtesy call by EU Ambassadors to the Minister of State Petroleum Resources, Mr.Timipre Sylva, in Abuja.

She had appealed to Nigeria to step into the gas supply chain as an alternative to Russia, urging the country not to allow the opportunity to pass it by. While reflecting on the security situation in the Niger Delta that drastically impacted gas supply in the last few years, Isopi urged the Nigerian government to step up security in the region to guarantee gas supply to EU member states.


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NPA gets FEC approval for Badagry Deep Seaport
By: Sun Newspaper

The Nigerian Ports Authority  (NPA) through the Federal Ministry of Transportation has secured the nod of the Federal Executive Council for the construction of Badagry Deep Seaport Project. 

This is coming on the heels of the receipt earlier this year of the Full Business Case Compliance Certificate on the Badagry Deep Seaport and the Modular Floating Dockyard from the Infrastructure Concession Regulatory Commission (ICRC).

The project which is to be developed in four (4) phases through Build Own Operate and Transfer (BOOT) Public Private Partnership (PPP) model is a full-scale Greenfield Commercial Deep Seaport conceived to augment Nigeria’s existing port capacity and open new vistas for trade facilitation.

In addition to augmenting the existing port capacity and alleviating traffic congestion in the Lagos ports, the Badagry Deep Seaport project is expected to improve the availability of modern port facilities and quality services, provide value for money to the government by easing the pressure on the national budget by transferring huge investment required for port infrastructural development and operations to the private sector while boosting revenue, accelerate Nigerian economic prosperity and propel economic empowerment of Nigerians through reduced transportation cost and seamless logistics for the attainment of hub status.


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OUR VISION

To deliver exemplary transshipment operations, procurement and charter services "on time" and "on budget" according to global safety and quality standards.

Group Threatens 7-Day Protest If Nigerian Petroleum Company, NNPC Boss, Kyari Does Not Resign Within One Week
By: Sahara Reporters

In a statement signed by Comrade Augustine Adie, the group faulted the appointment of the CEO in Nigeria’s Oil and Gas Sector, noting that it didn’t follow the due process of law.

An anti-corruption group, The Coalition for Transparency has issued an ultimatum to Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd) to resign honourably now or be forced to do so.

In a statement signed by Comrade Augustine Adie, the group faulted the appointment of the CEO in Nigeria’s Oil and Gas Sector, noting that it didn’t follow the due process of law.

The NNPC recently officially transitioned to a private entity that would be regulated in line with the provisions of the Companies and Allied Matters Act (CAMA) in line with the Petroleum Industry Act (PIA) 2021.

As a commercial entity, NNPC Ltd will no longer have recourse to state funds. Its share and assets, including oil blocs and refineries, are now held by the ministries of petroleum and finance.


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How N50bn NIMASA floating dock rots away at Naval dockyard
By: Sun Newspaper

Four years after the Nigerian Maritime Administration and Safety Agency (NIMASA) acquired an N50 billion modular floating dock, the asset has continued to decay at the Nigerian Naval Dockyard, Wilmot Point, Victoria Island, due to management’s willful neglect.

Since arriving in Nigeria in 2018, the floating dock has remained idle and abandoned with the management refusing to put it into use for once contrary to the Federal Government’s expectation.

At inception, the government’s purpose for acquiring the asset was to boost the nation’s ship repair capacity and transform Nigeria’s maritime industry for wealth and employment creation.

But experts have said that Nigeria may be losing an estimated potential revenue of over N21.5 billion annually to neighboring dock facilities with the abandonment of the modular floating yard.


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FOREIGN WATCH

Largest container port in UK faces workers strike over pay
By: Ships & Ports

More than 1,900 workers at Britain’s biggest container port Felixstowe plan eight days of strikes later this month due to discontent over pay, union Unite said, threatening supply chains if final talks with the employer fail.

The walkouts, which are planned to start on Aug. 21, would also have an impact on international maritime trade, the union warned, in addition to the impact on the region’s logistics and haulage sectors.

“Workers at the port of Felixstowe will begin strike action later this month in a dispute over pay after peace talks at the conciliation service Acas failed to produce a reasonable offer,” Unite said.

It said however that further talks were scheduled to take place on Monday.


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China navy drills force cargo ships to steer clear of Taiwan
By: Ships & Ports

Shippers rerouted vessels as China began its most provocative military drills in decades around Taiwan, with at least one owner barring ships from transiting the strait. 

Taiwan said China fired 11 missiles in waters around the island as of 4 p.m. local time Thursday. The maneuvers, in response to US House Speaker Nancy Pelosi’s visit to the island this week, are taking place in six areas surrounding Taiwan, and China advised ships and aircraft not to go near the regions.

A statement by the Eastern Theater Command of the People’s Liberation Army said it had completed live-fire training and lifted relevant air and sea controls. It didn’t clarify whether that meant all exercises had ended, but the state-run People’s Daily later said controls off the eastern coast of Taiwan have been lifted. The drills began at noon on Thursday and were set to last until Sunday.

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